Trial now
USDCAD TECHS

Stronger In a Range

AUDUSD TECHS

Weaker In A Range

US TSYS SUMMARY

Ending The Week On A Soft Note

EURJPY TECHS

Bearish Risk Growing

USDJPY TECHS

Stronger, But Still Vulnerable

US

SP500 PE Ratio vs. CPI Inflation

(H1)‌‌ Edging Lower

US 10YR FUTURE TECHS
  • RES 4: 137-29+ High Jan 6
  • RES 3: 137-21+ 76.4% retracement of the Jan 4 - 12 sell-off
  • RES 2: 137-20+ High Jan 27
  • RES 1: 137-10+ High Jan 29
  • PRICE: 136-30+ @ 15:36 GMT Feb 2
  • SUP 1: 136-28 Low Feb 2
  • SUP 2: 136-23+ Low Jan 21
  • SUP 3: 136-16 Low Jan 14
  • SUP 4: 135-24 1.0% 10-dma Envelope

Treasuries traded lower Tuesday. Futures met resistance last week at 137-20+, Jan 27 high. The outlook is bullish, but prices need to climb above the Jan 27 high to confirm a resumption of recent gains. The Jan 29 move lower saw prices slip below support at 136-30, Jan 25 low, which is a warning. The level marked a key near-term support. Renewed weakness would be a concern for bulls and risk a move towards 136-23+ next, Jan 21 low.

MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com